(2)This notice comes into force on the day after the date of its notification in the Gazette.

2Expiry of principal notice

Clause 1(3) of the principal notice is amended by omitting the expression “31 December 1999”, and substituting the expression “31 December 2003”.

3Interpretation

Clause 2(1) of the principal notice is amended by inserting in paragraph (d)(ii) of the definition of the term specified person, after the words “admission deed”, the words “relating to that superannuation scheme”.

4Exemption from section 41(b)(ii)

Clause 3 of the principal notice is amended by adding the words “in respect of a prospectus relating to a superannuation scheme”.

Dated at Wellington this 13th day of December 1999.

The Common Seal of the Securities Commission was affixed in the presence of:

[Seal]

E H Abernethy,Chairman.

Explanatory note

This note is not part of the notice, but is intended to indicate its general effect.

The notice extends the expiry date of the principal notice from 31 December 1999 to 31 December 2003.

The notice amends the definition of the term specified person in clause 2(1) of the principal notice. In essence, specified persons are beneficiaries under the superannuation schemes to which the principal notice applies. The term includes individuals who are eligible to subscribe for interests in a scheme as members of, or as the result of a relationship with, persons who have entered into an admission deed before the commencement of the principal notice (paragraph (d)(ii) of the definition).

The amendment to the definition makes it clear that the admission deed must relate to the scheme (and not to some other unrelated scheme).

The notice also clarifies that the exemption from the requirement for a prospectus to be signed by every promoter (section 41(b)(ii) of the Securities Act 1978) only applies to a prospectus relating to a scheme covered by the principal notice.

Contents

1General

2About this eprint

3List of amendments incorporated in this eprint (most recent first)

Notes

1General

This is an eprint of the Securities Act (Multiple Participants Superannuation Schemes) Exemption Amendment Notice 1999. The eprint incorporates all the amendments to the notice as at 1 January 2012. The list of amendments at the end of these notes specifies all the amendments incorporated into this eprint since 3 September 2007.

Relevant provisions of any amending enactments that contain transitional, savings, or application provisions that cannot be compiled in the eprint are also included, after the principal enactment, in chronological order.